VANCOUVER, BC--(Marketwired - Oct 4, 2017) - Patriot One Technologies Inc. (the "Company" or "Patriot One") ( TSX VENTURE : PAT ) ( OTCQB : PTOTF ) ( FRANKFURT : 0PL ) is pleased to announce that the TSX Venture Exchange ("TSXV") has accepted for listing the 3,322,375 common share purchase warrants (the "Warrants") of the Company issued in connection with a private placement offering of special warrants, which closed on July 13, 2017. The Warrants were qualified for distribution pursuant to a final short form prospectus dated August 21, 2017.
The Warrants will be listed for trading on the TSXV under the symbol "PAT.WT" at the open of the market on October 4, 2017.
Each Warrant entitles the holder thereof to acquire one common share of the Company (each a "Common Share") at an exercise price of $1.25 per Common Share at any time prior to 5:00 pm (Vancouver time) on July 13, 2020. The Warrants were issued pursuant to, and are governed by, a warrant indenture dated July 13, 2017 between the Company and TSX Trust Company, in its capacity as warrant agent.
ON BEHALF OF THE BOARD
"Martin Cronin"
CEO & Director
About Patriot One Technologies, Inc. (PAT.V) ( OTCQB : PTOTF ) (0PL.F):
The Company has developed PATSCAN CMR™ the next generation of its award-winning radar device and software solution. PATSCAN CMR is a first-of-its-kind Cognitive Microwave Radar concealed weapons detection system, designed as an effective tool to combat active shooter threats before they occur. Designed for cost-effective deployment in weapon-restricted buildings and facilities, the Patriot One software solution and related hardware can be installed in hallways and doorways to covertly identify weapons and to alert security of an active threat entering the premises. Owner/operators of private and certain public facilities can now prominently post anti-weapons policies with compliance assured. The Company's motto Deter, Detect and Defend is based on the belief that widespread use of its technology will act as an effective deterrent, thereby diminishing the epidemic phenomena of active shooters across the globe. For more information, visit: www.patriot1tech.com. Patriot One are proud winners of the 2017 Anti-Terrorism / Force Protection category of the Security Industry Association's New Product Showcase at ISC West.
CAUTIONARY DISCLAIMER STATEMENT:
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expect" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking statements contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.